1. Price Trend

According to SunSirs data, the average domestic ex-factory price of caprolactam liquid on March 10 was 10466 yuan / ton, and the average domestic ex-factory price of caprolactam liquid on March 17 was 10266 yuan / ton, with the price falling 1.91%. As of now, the Caprolactam Commodity Index on March 17 was 51.64, which was the same as yesterday, setting a record low in the cycle and a decrease of 48.36% from the maximum of 100.00 on March 02, 2017. (Note: Period refers to 2017-03-01 to present)

2. Market Analysis

Products: Due to upstream drag, caprolactam companies are under pressure. Up to now, the price of caprolactam liquid in Shandong Luxi Chemical is 9,800 yuan / ton, the cash leaves the factory, and the factory's production capacity is 300,000 tons. The actual transaction is negotiable. The price of Nanjing Dongfang Caprolactam liquid was 10,200 yuan / ton. The 400,000 tons / year plant was normally started, and the caprolactam plant was operating normally. The price of Baling Hengyi Caprolactam liquid was 10,000 yuan / ton, and the 450,000 tons / year device was normally started and accepted. Baling Petrochemical's caprolactam liquid price is 10,000 yuan / ton, and the 300,000 tons / year unit is normally started and accepted.

Industry chain: This week's pure benzene market was greatly affected by crude oil and external disks, and prices weakened. On Tuesday, Sinopec sharply reduced the listing price of pure benzene, by 600 yuan / ton to 4,550 yuan / ton; local refineries lowered prices according to their own circumstances. The willingness of Shandong pure benzene market to receive goods is low, and the overall transaction is weak, which weakened sharply on Thursday and Friday. At present, the domestic price of PA6 has taken on the downward trend of last month. The inventory consumption of chip companies is not good, the downstream rework rate is not high, the replenishment rate is difficult to expand, and the demand side is naturally still weak. The downstream factories follow the strategy of replenishing the goods at a low price. Business offers remain weak, and there is more room for detailed orders.

Industry: According to SunSirs price monitoring, in the 10th week of 2020 (3.9-3.13), commodity prices in the chemical sector rose 11 month-on-month, among which there were 3 kinds of goods that increased by more than 5%, accounting for the sector being monitored The number of commodities was 3.4%; the top three commodities were ammonium chloride (17.14%), liquid ammonia (11.43%), and sulfur (7.18%). There were a total of 40 kinds of goods that fell month-on-month, and a total of 14 kinds of goods that fell by more than 5%, accounting for 16.1% of the number of monitored products in this sector; the top three products were PX (-11.29%) and OX (-10.71%). , Acetone (-10.26%). This week the average rise and fall was -1.5%.

3. Market Forecast

SunSirs’ caprolactam analysts believe that, due to the plunge in international oil prices, the pure benzene market has fallen, and the cost of caprolactam has fallen sharply. The market is mostly on the sidelines, and downstream demand is weakening. It is expected that in the short term, the market for caprolactam will be low and weak.

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